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President Bush explains his social security reform proposal.

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HawkerHurricane Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-05 02:49 PM
Original message
President Bush explains his social security reform proposal.
WOMAN IN AUDIENCE: "I don't really understand. How is it the new plan is going to fix the problem?"

Verbatim response: (Pay Attention, now...you don't want to miss anything important.)

PRESIDENT BUSH: "Because the -- all which is on the table begins to address the big cost drivers. For example, how benefits are calculated, for example, is on the table. Whether or not benefits rise based upon wage increases or price increases. There's a series of parts of the formula that are being considered. And when you couple that, those different cost drivers, affecting those -- changing those with personal accounts, the idea is to get what has been promised more likely to be -- or closer delivered to that has been promised. Does that make any sense to you? It's kind of muddled.
Look, there's a series of things that cause the -- like, for example, benefits are calculated based upon the increase of wages, as opposed to the increase of prices. Some have suggested that we calculate -- the benefits will rise based upon inflation, as opposed to wage increases. There is a reform that would help solve the red if that were put into effect. In other words, how fast benefits grow, how fast the promised benefits grow, if those – if that growth is affected, it will help on the red."
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Is there a Idiot to American translator in the lounge?
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Left Is Write Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-05 02:50 PM
Response to Original message
1. All I can say is....
"What the fuck did he just say??"
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HawkerHurricane Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-10-05 07:29 PM
Response to Reply #1
5. The Sunday Doonesbury used the same out take...
glad to know I anticipate the classics
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Gunit_Sangh Donating Member (424 posts) Send PM | Profile | Ignore Sat Apr-09-05 02:51 PM
Response to Original message
2. Yep
Translation

You're fucked!
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Elidor Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-05 02:59 PM
Response to Original message
3. Harvard MBAs should start a class-action suit against him
For devaluing their degrees irreparably.
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Zuni Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-05 03:31 PM
Response to Original message
4. all I have to say is
we are all going to get
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